The public mining company MARA Holdings finished June 2025 with a balance of 49,940 BTC, nearing the symbolic threshold of 50,000 BTC. According to current estimates, the value of these assets is approximately $5.4 billion, placing MARA in second place among the largest Bitcoin holders among public companies, following Strategy.
This is reported by Finway
Company Operations and Mining Dynamics
Of the total amount of Bitcoins held by the company, 15,534 BTC are pledged or held in managed accounts to support business operations. Throughout June, MARA did not sell any of the mined Bitcoins, adhering to its asset accumulation strategy. The company’s leader, Fred Thiel, explains this approach with a disciplined policy of acquiring Bitcoin through mining and targeted investments.
“We are pleased to approach the 50,000 BTC mark, which is a testament to the scale of the company’s operations and the strength of our strategy,” Thiel stated.
However, MARA’s production metrics in June were lower than the previous month. The company mined 211 blocks, which is 25% less than in May 2025. The decrease in volume is attributed to weather-related constraints and the need to relocate some equipment to the new Garden City facility following a powerful storm.
Strategic Plans and Future Development
Despite temporary challenges, MARA is not changing its ambitious goals. By the end of the current year, the company plans to increase its hash rate to 75 EH/s, which will exceed the results from the end of 2024 by 40%. MARA continues to expand its infrastructure, aiming to maintain its leadership position among public miners.
Previously, MARA’s management urged U.S. authorities to utilize mining to replenish the strategic Bitcoin reserve established at the initiative of President Donald Trump. The company believes that without active replenishment, this state crypto fund loses its significance.
It is worth noting that in June, Bitcoin miners’ revenue from transaction fees fell below 1%.